ICRA Revises Credit Ratings for Mirza International Ltd's Debt Instruments
ICRA Limited has conducted a rating action review concerning various debt instruments and facilities of Mirza International Ltd, updating their ratings for long-term and short-term obligations. The assessment covers multiple categories of bank limits, which collectively total Rs. 205.00 crore across the reviewed instruments.The comprehensive rating actions executed by ICRA detail the standing of these facilities under various terms as communicated by Mirza International Limited.
Overview of Rated Instruments
The rated amount and associated ratings are summarized below:| Instrument | Rated Amount (Rs. crore) | Rating Action |
|---|---|---|
| Long Term Fund Based | 23.00 | [ICRA]BBB+(Stable); downgraded |
| Short Term Fund Based - Others | 160.00 | [ICRA]A2; downgraded |
| Short Term Non Fund Based | 10.00 | [ICRA]A2; downgraded |
| Long term/Short term Unallocated | 12.00 | [ICRA]BBB+(Stable)/[ICRA]A2; downgraded |
| Total | 205.00 |
Details of Bank Limits Rated on Long-Term Scale
The rating for cash credit limits and related facilities are detailed as follows:| Financial Institution | Cash Credit Limit (Rs. crore) | Rating | Rating Date |
|---|---|---|---|
| Punjab National Bank | 2.00 | [ICRA]BBB+ (Stable) | July 07, 2026 |
| HDFC bank limited | 21.00 | [ICRA]BBB+ (Stable) | July 07, 2026 |
| Total | 23.00 |
Details of Bank Limits Rated on Short-Term Scale
The rating actions for short-term facilities cover Letter of Credit and other working capital instruments:| Financial Institution | Instrument Type | Amount (Rs. crore) | Rating Date |
|---|---|---|---|
| Punjab National Bank | Letter of Credit | 10.00 | July 07, 2026 |
| Punjab National Bank | Packing Credit | 30.00 | July 07, 2026 |
| State Bank of India | Packing Credit | 25.00 | July 07, 2026 |
| Punjab National Bank | Bill Discounting | 85.00 | July 07, 2026 |
| HDFC Bank Limited | Bill Discounting | 20.00 | July 07, 2026 |
| Total | 170.00 |
Long Term/Short Term Unallocated Instruments
The rating for unallocated limits, which span both long-term and short-term classifications, is detailed as:| Instrument | Rated Amount (Rs. crore) | Rating | Rating Date |
|---|---|---|---|
| Not applicable | 12.00 | [ICRA]BBB+(Stable)/[ICRA]A2 | July 07, 2026 |
MIRZAINT Stock Price Movement
Today, shares of Mirza International Limited shed 0.56% in post-market trading, settling at ₹37.40. The stock traded within an intraday range, having peaked at ₹39.04 and reaching a low of ₹37.30 during today's session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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